Monday, November 7, 2011

DailyMarkets.com - Alexian Chooses Athenahealth

DailyMarkets.com - Alexian Chooses Athenahealth


Alexian Chooses Athenahealth

Posted: 07 Nov 2011 12:05 PM PST

Leading vendor of cloud-based services for physician practices Athenahealth (NASDAQ:ATHN) recently reported that Alexian Brothers Health System, a Catholic healthcare entity providing health care in the Chicago region, has further grown its relationship with Athenahealth. It has chosen the cloud-based electronic health record ("EHR") offering, athenaClinicals and patient cycle management product, athenaCommunicator, to improve overall coordination of care.
By adopting athenaClinicals, Alexian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SNN Tops Sales, Margins Shrink

Posted: 07 Nov 2011 11:50 AM PST

Smith & Nephew (NYSE:SNN) reported an adjusted EPS of 16.2 cents (EPADS of 81 cents) during the third quarter of fiscal 2011, almost unchanged from the year-ago quarter. However, earnings missed the Zacks Consensus Estimate (ADS) of 86 cents.
The company reported revenues of $1,032 million in the quarter, up 5% (underlying, after considering currency translation) year over year and higher than the Zacks Consensus Estimate of $1,028 million. Among the different regions, revenues from the US, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Narrower Loss At Geron

Posted: 07 Nov 2011 11:35 AM PST

Geron Corporation (NASDAQ:GERN) posted a net loss of 16 cents per share in the third quarter of 2011, narrower than the Zacks Consensus loss Estimate of 18 cents and the year-ago loss of 19 cents. Third quarter revenues of $220,000 were below the Zacks Consensus Estimate of $1 million and the year-ago revenues of $546,000.
Quarter in Detail
Revenues consisted entirely of royalties and license fees. Geron has several license agreements with various oncology, diagnostics, research tools, agriculture … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: From Baklava To Tiramisu

Posted: 07 Nov 2011 11:34 AM PST

Cusick’s Corner
We switch from a healthy diet of Greek headlines to more of an Italian take. The focus is on Italian debt and their political turmoil, plus the potentially deeper implications for larger EU banks in this embattled country. What was impressive was the market drew a line in the sand, 1210 on the S&Ps, where support was clear. Some institutional and retail traders on the sidelines (some of those who have holdings in cash), may think that they are underinvested and may now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Sprints Higher. EURCHF Helping The Pair Along

Posted: 07 Nov 2011 11:34 AM PST

The EURUSD just sprinted higher. Perhaps helped by some more bullish comments from SNB Jordan who is quoted as saying CHF remains the most over valued currency in the world.  He added that setting the minimum rate was the only way for the SNB. 
On the comments, the EURCHF  has continued its move higher and trades at new highs for the day at 1.2418. Meanwhile the EURUSD  has moved back toward the close from Friday at the 1.3770 level. The USDCHF remains supported and is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


N. Dakota Leads U.S. In Hotel Occupancy Growth

Posted: 07 Nov 2011 11:22 AM PST

BISMARCK, ND — “This summer’s flooding disrupted lives, businesses and vacations. Not surprisingly, the state’s tourism division says fewer people traveled around the state during the flood, but the division says these past three months tourism has rebounded.

“You wouldn’t go to Disney World without calling and making sure you had a hotel room. We`re just trying to get people to think of North Dakota that way,” said Sara Otte Coleman, director of the state’s tourism division. 

“Tourism … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DexCom Misses Completely

Posted: 07 Nov 2011 11:20 AM PST

DexCom (NASDAQ:DXCM), a player in the glucose monitoring market, reported third-quarter fiscal 2011 loss per share of 20 cents, exceeding the Zacks Consensus Estimate of a loss of 16 cents, but lower than the year-ago loss of 23 cents. The quantum of net loss for the quarter remained virtually unchanged, over the prior year, at about $13.3 million.
Revenues
Sales increased sharply 56.5% year over year to $18.3 million, below the Zacks Consensus Estimate of $19 million. Product sales climbed 54.6% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sysco Exceeds Estimates

Posted: 07 Nov 2011 11:15 AM PST

Sysco Corp. (NYSE:SYY) delivered first-quarter 2012 earnings (excluding one-time items) of 55 cents per share, which exceeded the Zacks Consensus Estimate of 52 cents. It also exceeded the prior-year earnings of 51 cents per share.
The first quarter 2012 results exclude the negative impact from gross business transformation expenses of 4 cents, while the first quarter 2011 earnings exclude 2 cents of negative impact from gross business transformation expenses and 2 cents gain from corporate-owned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dril-Quip Beats Marginally

Posted: 07 Nov 2011 11:10 AM PST

Dril-Quip Inc. (NYSE:DRQ) has reported third-quarter 2011 earnings of 58 cents per share, just about beating the Zacks Consensus Estimate of 57 cents but deteriorating 15.9% from the year-ago profit level of 69 cents.
The company registered total revenue of $155.0 million in the quarter, up 10.6% from the year-ago level of $140.1 million. The increase in revenue was mainly backed by the rise in sales of subsea equipment and growth in service revenues, partially offset by a decrease in offshore rig … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Skyworks Misses By A Penny

Posted: 07 Nov 2011 10:55 AM PST

Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenues of $402.3 million in the fourth quarter of fiscal 2011, up 28% year over year and up 13% sequentially, which surpassed management's guidance of $400 million.
Skyworks recently saw more tentative order activity within certain segments of the Android smartphone market and the company saw signs of sluggishness in smart energy in North America wireless infrastructure.
Meanwhile, Skyworks continues to benefit from strong underlying demand in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Cellular Soars On Smartphones

Posted: 07 Nov 2011 10:50 AM PST

United States Cellular Corp. (NYSE:USM), a subsidiary of Telephone and Data Systems Inc. (NYSE:TDS) has reported third quarter 2011 earnings per share of 73 cents, breezing past the Zacks Consensus Estimate of 55 cents. Earnings also registered a massive 66% growth from 44 cents in the year-ago period, driven by increased smartphone sales that led to high data and roaming revenues along with lower churn rates.
Net income attributable to shareholders shot up 62% year over year to $62.1 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down During The U.S. Session

Posted: 07 Nov 2011 10:45 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 78.05, down 0.24% at time of writing.

The pair was likely to find support at 77.90, Thursday's low, and resistance at 78.32, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.33% to hit 1.3747 and GBP/USD falling 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Wanders Around The 100 Day MA At 1.6018. Awaits Direction

Posted: 07 Nov 2011 10:35 AM PST

The GBPUSD has fallen back below the 100 day MA at the 1.60185 level. Seven of the last 8 trading days has traded on either side of the moving average.   Four of those days the price has closed above the level, three days the price has closed below and today if the price should close below the key level , the score will be tied at 4 and 4. Typically, market traders will move the price away from this key level. However, on this move, it is acting as a level to consolidate. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Texas Roadhouse Beats, Outlook Up

Posted: 07 Nov 2011 10:30 AM PST

Texas Roadhouse Inc (NASDAQ:TXRH) recently posted third quarter 2011 earnings of 22 cents, which exceeded the Zacks Consensus Estimate of 19 cents and grew 15% year over year. The higher-than-expected results were attributable to lower than anticipated workers compensation expense, property tax expense and income tax rate.
Total revenue climbed 10.0% from the prior-year quarter to $269.3 million, in line with the Zacks Consensus Estimate. The upside was attributable to higher comparable sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jones Lang’s Revenue Zooms

Posted: 07 Nov 2011 10:25 AM PST

Jones Lang LaSalle Incorporated (NYSE:JLL), a leading full-service real estate firm, reported third quarter 2010 net income of $33.9 million or $0.76 per share compared to $37.1 million or $0.84 in the year-earlier quarter. Excluding non-recurring items, earnings were $49.6 million or $1.12 per share during the reported quarter versus $38.1 million or $0.86 in the year-ago quarter. Recurring earnings for the reported quarter surpassed the Zacks Consensus Estimate of $1.09.
Revenues for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Questar Is Now Outperform

Posted: 07 Nov 2011 10:05 AM PST

Buoyed by robust operating results and an enhanced guidance by management, we have upgraded natural gas-focused energy firm Questar Corporation (STR) to Outperform from Neutral.
Founded in 1922, Salt Lake City, Utah-based Questar operates under three principal subsidiaries – Wexpro Company, Questar Pipeline, and Questar Gas Company. In June 2010, Questar completed the spin-off of its unregulated exploration and production business as well as its gas gathering and marketing segment into a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Lower; Dax Down 0.63%

Posted: 07 Nov 2011 10:05 AM PST

Forexpros – European stocks were down after the closing bell on Monday.

At the close of European trade, Germany's DAX fell 0.63%, London's FTSE 100 shed 0.3%, France's CAC 40 declined 0.64% and the EURO STOXX 50 was down 0.68%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.72%; the S&P 500 index shed 0.78%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Berkshire’s Earnings Step Up

Posted: 07 Nov 2011 09:50 AM PST

Berkshire Hathaway Inc. (BRK.A)(BRK.B) reported its third quarter 2011 operating earnings of $1.54 per share, which marks an increase of 36% year-over-year.  The strong growth in earnings was led by higher operating income across all the business segments, except Finance & Financial Products.
However, net income (a GAAP measure) came in at 92 cents per share, down 23% year over year. The decline in net income was attributable to a loss of $1.5 billion in investment and derivatives … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Treasuries Rally On Mixed NFP Report And G-20 Summit Concerns

Posted: 07 Nov 2011 09:34 AM PST

Monday, November 7, 2011
After a quick rally of nearly 8 full points during the past few sessions, Bond futures were in need of a correction, and that appears to be what has happened during the past two trading sessions. Some longer-term traders who remain bullish on Treasuries may wish to use the recent price correction to explore selling out-of-the-money puts in Treasury bond futures options with strike prices below near-term support near the 137-16 level. For example, with the March Bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Continues Its Skittish Trading In The NY Session

Posted: 07 Nov 2011 09:34 AM PST

The EURUSD continues to have its trouble maintaining a discernable trend as momentum traders get in and then get out.  The moves lack a trend direction and although clues can be found from some technical levels, the action suggests that if there are clues that momentum is fading, GET OUT.
In the 5 minute chart the initial price decline in the NY session found support against the 61.8% of the move up from the London low (see chart above). The market spent some time just above the 1.37211 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ultra Petroleum Tops, Keeps View

Posted: 07 Nov 2011 09:30 AM PST

Natural gas producer Ultra Petroleum Corp. (NYSE:UPL) has reported impressive third quarter 2011 results, buoyed by higher volumes from Wyoming and Pennsylvania regions along with reduced transportation charges and lower general and administrative costs.
Earnings per share, excluding special items, came in at 72 cents, breezing past the Zacks Consensus Estimate of 65 cents. Comparing year over year, Ultra Petroleum's results leaped 20% from 60 cents.
Total operating revenue of $293.1 million was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Buckeye Beats Sales, Lags EPU

Posted: 07 Nov 2011 09:15 AM PST

Buckeye Partners L.P. (NYSE:BPL) announced third-quarter 2011 operating earnings of 64 per limited partner unit that fell short of our expectation by 20 cents. The results of the partnership were higher than the year-ago earnings of 60 cents per unit.
Buckeye Partners recorded GAAP loss for the third quarter of 2011 of $1.18 per unit compared with a earnings of 60 cents per unit in the year-ago period.
The difference of $1.82 per unit between operating and GAAP earnings, during the third quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Earnings Picture

Posted: 07 Nov 2011 09:06 AM PST

Third quarter earnings results have been pouring in. Total net income growth has been far higher than expected, although the median surprise and the ratio of positive surprises to disappointments has been slightly below normal. Thus I would characterize the season as good, but not great.

We have 437, or 87.4%, of the S&P 500 firms reporting so far. The year-over-year growth rate for the S&P 500 (so far) is 16.01%. That is actually well above the 11.47% growth that those same 437 firms … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TDS Delivers Stellar 3Q

Posted: 07 Nov 2011 09:01 AM PST

Telephone and Data Systems Inc. (NYSE:TDS) has reported third quarter earnings of 68 cents per share, strongly outpacing the Zacks Consensus Estimate of 34 cents. Results jumped 74% from 39 cents per share earned in the year-earlier quarter.
The outstanding performance were driven by strong inbound roaming revenue and cost reduction initiatives along with solid growth in high-speed data services.
Revenues increased 5% year over year to $1,325.4 million in the reported quarter and strode past the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Costs, Weather Hurt Northeast Utilities

Posted: 07 Nov 2011 09:01 AM PST

Diversified utility Northeast Utilities' (NYSE:NU) third quarter 2011 operating earnings of 51 cents per share came in short of the Zacks Consensus Estimate of 55 cents. Operating net income in the quarter totaled $90.6 million.
The earnings miss is mainly attributable to the lower operating results on account of a decline in retail electric sales as well as higher pension and other employee benefit costs and effective tax rate.
Including an after-tax expense of $0.6 million, Northeast … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Macy’s October Sales Rise

Posted: 07 Nov 2011 09:01 AM PST

Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted lower-than-expected sales results for the four-week period ended October 29, 2011. The underperformance resulted from a modest growth in the month of October due to the shift of Macy's Shop For A Cause charity shopping event to August this year from October in the prior year.
The company also registered soft sales for winter related merchandise, which includes coats, hats and sweaters as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FTI Outperforms, Reaffirms Outlook

Posted: 07 Nov 2011 09:01 AM PST

FTI Consulting Inc.'s (NYSE:FCN) third quarter 2011 earnings of 70 cents per share were well above the Zacks Consensus Estimate of 60 cents and the year-ago performance of 43 cents.
Total revenue in the reported quarter jumped 20% year over year to $413.8 million, outpacing the Zacks Consensus Estimate of $384.0 million. Notably, reported revenue also surpassed the previous quarter’s revenue, which was the highest in the company's history. The increase in revenue was driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CNQ Beats, Earnings Rise

Posted: 07 Nov 2011 09:01 AM PST

Independent oil and gas explorer Canadian Natural Resources Ltd. (CNQ) reported robust third-quarter results, buoyed by higher liquids prices amid the successful resumption of Synthetic Crude Oil ("SCO") sales from its 'Horizon' project in the Athabasca oil sands play of northern Alberta.
Earnings per share, excluding one-time and non-cash items, came in at 65 Canadian cents (63 U.S. cents), above the Zacks Consensus Estimate of 59 U.S. cents. The Calgary, Alberta-based operator's per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Optimer Widens Loss, Sales Ramp

Posted: 07 Nov 2011 09:01 AM PST

Optimer Pharmaceuticals, Inc.'s (NASDAQ:OPTR) third quarter 2011 loss per share of 57 cents was wider than the year-ago loss of 30 cents and the Zacks Consensus Estimate of 52 cents. The wider loss was the result of increased operating expenses associated with the commercial launch of antibiotic Dificid (fidaxomicin), Optimer's sole marketed drug, which completely offset the huge jump in revenues.
The third quarter revenue of $11.1 million beat the Zacks Consensus Estimate of $5 million by more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Limited Brands October Sales Up

Posted: 07 Nov 2011 09:01 AM PST

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted healthy sales results for the four-week period ended October 29, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath & Body Works, and lifted its third-quarter 2011 earnings outlook.
The owner of Victoria’s Secret Direct and La Senza chains has sustained its growth momentum. Limited Brands' comparable-store sales for October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


O’Charley’s Misses, Loss Narrows

Posted: 07 Nov 2011 09:00 AM PST

Nashville-based O’Charley's Inc. (NASDAQ:CHUX) has once again incurred a loss in the third quarter of 2011, after recording a profit in the first quarter of 2011. Prior to the first quarter of 2011, the company delivered losses for six consecutive quarters. The results in the reported quarter were impacted by lower customer spending and higher commodity costs.
The company reported a quarterly loss of 18 cents per share, wider than the Zacks Consensus Estimate by a penny, but narrower than the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Calgon Carbon Surpasses EPS Estimate

Posted: 07 Nov 2011 09:00 AM PST

Calgon Carbon Corporation (NYSE:CCC) reported a profit of 25 cents per share in the third quarter of 2011 compared with 18 cents in the year-ago quarter. Reported earnings exceeded the Zacks Consensus Estimate of 22 cents.
Revenues
Sales in the quarter increased 15.5% to $143.6 million. Currency translation had a positive impact of $5.1 million on sales for the third quarter due to the weak dollar.
Sales in Calgon Carbon’s biggest segment, Activated Carbon and Service, surged 18.2% to $130.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Loss Narrows At InterMune

Posted: 07 Nov 2011 09:00 AM PST

InterMune, Inc. (NASDAQ:ITMN) posted third-quarter adjusted loss per share of 63 cents, wider than the year-ago loss per share of 44 cents due to higher operating expenses. The loss was, however, narrower than the Zacks Consensus Estimate of a loss per share of 73 cents resulting from lower-than-expected R&D expenses.
InterMune reported revenues of $5.2 million in the third quarter, below the year-ago revenue of $5.7 million. Slightly higher revenues of InterMune's marketed drug Actimmune was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Church & Dwight A Penny Ahead

Posted: 07 Nov 2011 09:00 AM PST

Church & Dwight Co. Inc. (NYSE:CHD), a leading consumer products company, posted third-quarter 2011 earnings of 54 cents a share, beating the Zacks Consensus Estimate by a penny. The reported earnings were up 12.5% from 48 cents earned in the prior-year quarter.
Benefiting from solid organic sales and healthy pricing, management reiterated its earnings guidance of $2.17 to $2.20 a share for fiscal 2011, reflecting an increase of 10% to 11% over 2010 results.
Church & Dwight's top line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Banking

Posted: 07 Nov 2011 09:00 AM PST

We are still not out of the woods in Europe. Right now, perhaps the most interesting barometer on the state of Europe is the yield on the Italian 10-year note. It is currently yielding 6.22%, a spread of 4.40% higher than the German 10-year note. Before the Euro-crisis started, the difference in yields between the two countries was minimal.

If the level stays there, then Italy is going to be stuck in a self-perpetuating downward spiral. The higher interest rate means that Italy needs to spend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Agrium 3Q Earnings Rise Three Fold

Posted: 07 Nov 2011 09:00 AM PST

Agrium Inc.'s (NYSE:AGU) net earnings increased three fold to $293 million or $1.85 per share in the third quarter of 2011 from $61 million or 39 cents in the prior-year quarter.
The third-quarter results include a pre-tax gain of $1 million or nil diluted earnings per share on natural gas and other hedge positions and a pre-tax recovery of $46 million or $0.21 diluted earnings per share on share-based payments expense
Results benefited from record high crop prices and overall strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Where Is Europe’s Bazooka?

Posted: 07 Nov 2011 08:42 AM PST

Treasury Secretary Paulson wanted Congress to give him a bazooka big enough that he might not have to use it. It turned out that he did have to use his, effectively as it turned out, and now it's Europe turn to think big. They need a really big bazooka, but show little sign of coming up with one.
We have a dog in that fight; so we are pulling for the European authorities to cowboy up and do what needs to be done to deal with their financial crisis. We hope they find their bazooka, but it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Teeter On Mixed EU News

Posted: 07 Nov 2011 08:10 AM PST

11/07/11 Wall Street is off to a choppy start, as Europe remains in the spotlight. Focus shifts to Italy ahead of the confidence taking place on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Lower As Euro Slips

Posted: 07 Nov 2011 07:45 AM PST

11/07/11 Front month crude saw a slight decline to start the week as mixed reports out of Europe has kept investors staying clear of the higher-yielding euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Research Reveals Huge Geothermal Resources In U.S. Accessible With New Advanced Technology

Posted: 07 Nov 2011 07:42 AM PST

GIZMAG.COM — “As a green energy source, geothermal heat is tough to beat, but until recently, it was believed to be economically feasible only in areas with shallow tectonic (volcanic) activity. Now, with a generous grant from Google.org, the search engine giant’s philanthropic arm, two scientists from Southern Methodist University (SMU) have pooled together the results from more than 35,000 data sites to paint a very different, almost rosy, energy picture for the United States and, indeed, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed Vs. Rivals As Sentiment Recovers

Posted: 07 Nov 2011 07:42 AM PST

Forexpros – The U.S. dollar was mixed against most of its major counterparts on Monday, as developments in Italy dominated sentiment amid speculation that Italian Prime Minister Silvio Berlusconi could resign.

During U.S. morning trade, the dollar was up against the euro, with EUR/USD slipping 0.15% to hit 1.3771.

Speculation that Prime Minister Berlusconi could be about to step down fanned hopes for a political breakthrough in Italy, ahead of a keenly awaited parliamentary vote on public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Futures Tumble To 2-week Low On Mild Weather

Posted: 07 Nov 2011 07:38 AM PST

Forexpros – Natural gas futures fell sharply on Monday, slumping to a two-week low as mild weather forecasts and concerns about growing U.S. inventories continued to dominate market sentiment.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.685 per million British thermal units during U.S. morning trade, tumbling 2.6%.

It earlier fell by as much as 2.85% to trade at USD3.659 per million British thermal units, the lowest price since October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Almost Unchanged As Investors Eye Italy

Posted: 07 Nov 2011 07:30 AM PST

Forexpros – The pound was steady against the U.S. dollar on Monday, as risk aversion eased amid ongoing uncertainty over the outcome of Italy’s political woes.

GBP/USD pulled back from 1.5980, the daily low to hit 1.6033 during U.S. morning trade, easing down 0.01%

Cable was likely to find support at 1.5945, the low of November 5 and resistance at 1.6165, the high of October 31.

The pound tracked the euro’s gains as Italian borrowing costs eased off earlier record highs, following Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lunar Cycle Once Again.

Posted: 07 Nov 2011 07:22 AM PST

It’s been a while for those who hang on to the hope of finding a quick and easy way of unlocking the future of the market’s volatile movement so here is the latest update of my Lunar Tracking Table (click on image to enlarge):

When I told a friend about this strange phenomena of the moon’s phases being in close synchronicity (meaning: “an apparently meaningful coincidence in time of two or more similar or identical events that are causally unrelated”) with one another he replied “it’s too … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Pares Losses In Choppy Trade

Posted: 07 Nov 2011 07:20 AM PST

Forexpros – The euro trimmed losses against the U.S. dollar in choppy trade on Monday, pulling back from a two-day low amid speculation that Italian Prime Minister Silvio Berlusconi could resign.

EUR/USD pulled away from 1.3682, the pair's lowest since Thursday, to hit 1.3788 during U.S. morning trade, down 0.02% over the day.

The pair was likely to find support at 1.3655, last Thursday's low and resistance at 1.3868, Friday's high.

Speculation that Prime Minister Berlusconi could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Jump To Fresh 6-week High Amid Italy Speculation

Posted: 07 Nov 2011 07:14 AM PST

Forexpros – Gold futures added to gains on Monday, rallying to a fresh six-week high as uncertainty over political turmoil in Italy and Greece boosted safe haven demand for the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,782.85 a troy ounce during U.S. morning trade, rallying 1.52%.

It earlier rose by as much as 1.65% to trade at USD1,784.35 a troy ounce, the highest price since September 22.

Italian borrowing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Edge Higher Amid Italy Turmoil; Dow Jones Up 0.45%

Posted: 07 Nov 2011 06:59 AM PST

Forexpros – U.S. stocks edged higher on Monday, as investors remained cautious amid ongoing uncertainty over Italy’s current political turmoil ahead of a key parliamentary vote.

During early U.S. trade, the Dow Jones Industrial Average rose 0.45%, the S&P 500 index climbed 0.35%, while the Nasdaq Composite index advanced 0.29%.

Italian borrowing costs eased off earlier euro-era highs, on speculation that Prime Minister Berlusconi was about to step down amid mounting opposition from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Rise To 3-month High As Markets Eye Italy

Posted: 07 Nov 2011 06:41 AM PST

Forexpros – Crude oil futures erased losses in choppy trade on Monday to trade at the highest level since early August as market sentiment continued to be dominated by developments surrounding the ongoing debt crisis in the euro zone.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD95.47 a barrel during early U.S. morning trade, jumping 1.29%.

It earlier rose by as much as 1.41% to trade at USD95.62 a barrel, the highest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Greek Government Negotiations Continue As Italy Garners More Attention

Posted: 07 Nov 2011 06:32 AM PST

Fundamental Headlines
• Capital Spending in U.S. Nears 2008 Level – Bloomberg
• Germany: Greece Must Reform or Quit Euro, No Third Way – Reuters
• Papademos Front-Runner to be New Greek PM – Reuters
• Berlusconi's Future Hangs in the Air – WSJ
• Old Debts Dog Europe's Banks – WSJ
European Session Summary
Trading to start the week was choppy at best headed into the North American session, with all of the major currencies save the Swiss Franc just a few pips changed from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Trims Losses Amid Italy Uncertainty

Posted: 07 Nov 2011 06:30 AM PST

Forexpros – The euro trimmed losses against the yen on Monday, pulling back from a two-day low but remained vulnerable amid ongoing uncertainty over the outcome of Italy’s current political turmoil.

EUR/JPY pulled back from 106.85, the pair’s lowest since November 3 to hit 104.47 during early U.S. trade, still down 0.39%.

The pair was likely to find support at 105.66, the low of October 27 and resistance at 109.23, the high of November 1.

Market sentiment found support after Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GoIndustry-DoveBid Shares Slump On Performance Warning

Posted: 07 Nov 2011 02:18 AM PST

Shares in AIM quoted Goindustry (LON:GOI) fell by 13p to 37.5p in trading this morning after the online auction group warned that its 2011 operating performance was likely to be severely impacted by delays to a number of major auctions that had been scheduled for this year. It said that several large projects had been delayed to 2012 and that the added effected of continued weakness in the US market meant that its performance for the year would be "well below" earlier expectations.

Over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


No comments:

Post a Comment